ARS to GNF

ARS - Argentine Peso ($)
GNF - Guinean Franc (FG)
1 ARS1 GNF

Currency conversion rates from ARS to GNF

ARSGNF
1 ARS1 GNF
5 ARS5 GNF
10 ARS10 GNF
20 ARS20 GNF
50 ARS50 GNF
100 ARS100 GNF
250 ARS250 GNF
500 ARS500 GNF
1000 ARS1000 GNF
2000 ARS2000 GNF
5000 ARS5000 GNF
10000 ARS10000 GNF
GNFARS
1 GNF1 ARS
5 GNF5 ARS
10 GNF10 ARS
20 GNF20 ARS
50 GNF50 ARS
100 GNF100 ARS
250 GNF250 ARS
500 GNF500 ARS
1000 GNF1000 ARS
2000 GNF2000 ARS
5000 GNF5000 ARS
10000 GNF10000 ARS

ARS - Argentine Peso ($)

Argentine Peso

The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.

The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.

Economy

  • Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
  • From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
  • From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
  • From 1983 to 1991, the Peso was replaced by the previous currencies.
  • In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
  • After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.

History

  • Argentina’s economy is rated as a higher middle economy.
  • The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
  • During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
  • The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
  • Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
  • Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.

More information about ARS - Argentine Peso ($)


GNF - Guinean Franc (GNF)

Guinean Franc

The Guinea Franc is the official currency of Guinea, a country located in West Africa. It is divided into eight administrative regions and subdivided into thirty-three prefectures. Conakry is the capital, largest city and economic center. Other major cities include Labe, Nzérékoré, Kankan, Kindia, Mamou, Boke, and Guéckédou.

The Guinean Franc is the currency in Guinea (GN, GIN). The Guinean Franc is also known as Franc Guineen. The symbol for GNF can be written FG. The exchange rate for the Guinean Franc was last updated on May 24, 2019 from Yahoo Finance. The GNF conversion factor has 5 significant digits.

Economy

  • Guinea has abundant natural resources, including 25% or more of the world's known reserves of bauxite, more than 4 million tons of high grade iron ore, significant diamond and gold deposits, and undetermined reserves of uranium. Bauxite and aluminum are currently the only major exports.
  • The country has great potential for hydroelectric power.
  • Other industries include processing plants for beer, juices, beverages and snuff.
  • Under French rule, Guinea was a major exporter of bananas, pineapples, coffee, peanuts and palm oil. Agriculture still employs 80% of the workforce in the country.
  • Guinea has considerable potential for growth in its agricultural and fisheries sectors. Soil conditions, water and climate provide opportunities for large-scale irrigated agriculture and agribusiness. Investment opportunities and commercial activities exist in all these areas, but Guinea's poorly developed infrastructure and rampant corruption present obstacles to investment projects on a large scale.

History

  • The first Guinea Franc was introduced in 1959 to replace the CFA Franc BCEAO. The Guinea Franc denominations included 1, 5, 10 and 25 coins (aluminum bronze) with banknotes in 50, 100, 500, 1000, 5000 and 10,000 franc denominations.
  • These denominations have been maintained, with the addition of a 50 franc coin (1994) and phasing out of the corresponding 50 franc note.

More information about GNF - Guinean Franc (GNF)